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Fly News Breaks for July 20, 2016
GPI
Jul 20, 2016 | 08:33 EDT
Buckingham upgraded Group 1 Automotive to Buy and lowered its price target to $67 from $74 based on compelling valuation, a more supportive commodity complex, its ability to manage costs in South America and the potential of the company meeting/beating earnings expectations. The firm's analyst believes shares are discounting most of the bad news and sees an opportunity for shares to reset higher.
News For GPI From the Last 2 Days
GPI
Apr 17, 2024 | 09:43 EDT
GPI
Apr 17, 2024 | 06:40 EDT
As previously reported, Guggenheim upgraded Group 1 Automotive to Buy from Neutral with a $305 price target, calling it the "best positioned dealer" to navigate the current landscape, which is "somehow trading at [the] lowest multiple." The firm believes the stock has been relatively weak year-to-date driven by a host of issues that it sees resolving in the next one to two quarters, the analyst tells investors.
GPI
Apr 17, 2024 | 06:13 EDT
GPI
Apr 17, 2024 | 05:44 EDT
JPMorgan analyst Rajat Gupta lowered the firm's price target on Group 1 Automotive to $315 from $325 and keeps an Overweight rating on the shares ahead of the Q1 report. The analyst says 2024 "continues to be a year of digestion" for the franchise auto dealerships sector.
